For employees of United Bank for Africa, UBA, and other stakeholders in the bank, it was a night of fun, entertainment and rewards February 8, 2014 as they gathered from across the country and beyond to celebrate members of staff who distinguished themselves in the 2013 financial year. The annual UBA CEO Awards ceremony, which took…
Jonathan sacks Oduah, three others
President Goodluck Jonathan on Wednesday finally sacked the embattled Stella Oduah, Minister of Aviation, Others ministers that equally received the president’s boot are Caleb Olubolade, minister of Police Affairs; Godsday Orubebe, minister of Niger Delta and Yerima Ngama, minister of State for Finance. Whereas it is not yet clear why president Jonathan sent the…
Okonjo Iweala’s Losing Battle at the Ports
One after the other, regulatory agencies that were driven from the ports in 2011 to decongest the ports and reduce the cycle of clearing goods are finding their way back He could hardly curtail his anger. As he walked along the corridor of the Nigeria Customs Service, NCS, Apapa Port Command, he bemoaned the insensitivity…
Nigeria: An Economy to Watch
The world celebrates Nigeria as the next largest economy in Africa and one of the emerging investment havens in the world, but to many Nigerians, the new economic status is a sad reminder of the paradox of a rich nation and its poor people For many Nigerians whose collective aspiration is for the Nigerian economy…
No Quick Fix for Power
With the many challenges facing the power reform programme, it appears Nigerians have to wait a little bit longer before they get respite from low generation of power and incessant power failure On the surface, it sounded like an explanation from someone desperate to reassure his fellow countrymen not to lose hope in the power…
The Politics of Privatisation of Refineries
After several years of tinkering with privatisation of the nation’s ailing refineries, the government yields to pressure again to put the process on hold, creating room for more years of rot in the oil sector Investors who are prospecting for Nigeria’s moribund refineries may have to wait for a longer time for inexplicable reasons. In…
Transcorp and GE Partner to Improve Power Generation
The Transnational Corporation of Nigeria Plc, Transcorp, has notified the Nigerian Stock Exchange, NSE, that Transcorp Ughelli Power Ltd, TUPL, its subsidiary, has signed an agreement with General Electric, GE, to increase the capacity of TUPL’s power plant from 360 megawatts to 1360 megawatts in the next three to five years. Both parties also signed…
FG Attracts Investors to the Power Sector
To facilitate the financing of power infrastructural development in Nigeria, the President Goodluck Jonathan-led administration is inviting both prospective investors and financiers to an international conference on February 10, 2014 at the state house Banquet hall, Abuja. The event is expected to facilitate interaction between new investors and local and international financial institutions to explore…
Exploring the Next Frontier
Eager to harness its resources for food security and economic growth, the Ekiti State government recently held an AgriBusiness Forum in Akure, the state capital As an experienced farmer, Sunday Osanyilusi knows the importance and place of fertiliser in ensuring a good yield. But beyond such knowledge, year in, year out, he had watched helplessly…
FG Set to Present 2014 Budget to NASS
The federal government through, Ngozi Okonjo-Iweala, finance minister and coordinating minister for the economy, is set to present the estimates of the 2014 budget to the National Assembly, NASS, any moment from now. President Goodluck Jonathan announced this shortly after both the Senate and House of Representatives settled their differences and agreed on $77.5 as…
WhatsApp us